Japan Semiconductor Device Market For Industrial Applications Market Size (2024 - 2029)

Japan Semiconductor Device Market Analysis

The Japan Semiconductor Device Market For Industrial Applications Industry is expected to grow from USD 6.20 billion in 2024 to USD 8.41 billion by 2029, at a CAGR of 6.30% during the forecast period (2024-2029).

Owing to increasing applications for power, semiconductors are an uninterruptible power supply, typically used to protect hardware such as computers, data centers, telecommunication equipment, or other electrical equipment. An unexpected power disruption could cause injuries, fatalities, serious business disruption, or data loss. Uninterruptible power supply systems usually contain batteries and an inverter that uses IGBT.

• The largest factor driving demand for semiconductor sales in Japan is the country's electronic products industry, one of the world's largest. According to the Japan Electronics and Information Technology Industries Association (JEITA), electronic device production in Japan in 2022 will be around JPY 11 trillion (USD 70 billion). The high demand for these products is one of the market's primary drivers.
• Furthermore, the automotive industry accounts for a significant share of the total demand for semiconductors in the country. The automotive industry's migration from fossil fuel vehicles to hybrid and electric vehicles is driving strong demand for power devices. The leading power device makers drive to develop higher-performance devices on new materials such as SiC and GaN.
• Increasing installations of robots create a positive outlook for the market. Japan is also the largest market for industrial robots. According to a recent report from the International Federation of Robotics (IFR), Japanese manufacturers account for 45% of the global supply of industrial robots, making them the top manufacturer of industrial robots compete. The country has also been rapidly increasing its production capacity. In 2022, recently increased 3.4% YoY to JPY 218.3 billion (USD 1.38 billion), marking the ninth consecutive quarter of YoY growth.
• Moreover, Research and Development activities production continue to rise in the region, which will help foster product innovation. For instance, in July 2022, the United States and Japan world's production recently decided to launch a new joint international semiconductor research hub. They agreed to work on joint research for next-generation semiconductors.
• Furthermore, the Japanese government approved a plan known as the 'Rebirth of Japan,' which outlines the route toward strengthening the manufacturing sector further by targeting the development of USD 1.3 trillion. By 2023, companies in the industrial sector are expected to accumulate revenues by as much as USD 490 billion in production due to Industry 4.0.

Japan Semiconductor Device Industry Segmentation

A semiconductor device is an electronic component that makes use of the electronic properties of semiconductor material. Its conductivity is intermediate between that of conductors and insulators. In most applications, semiconductor devices have replaced vacuum tubes.

Semiconductors are made as single discrete devices and integrated circuit (IC) chips, which are made up of two or more devices that can range from hundreds to billions and are manufactured and interconnected on a single semiconductor wafer known as a substrate.

Japan Semiconductor Device Market for industrial applications is segmented by device type (discreet semiconductors, optoelectronics, sensors, integrated circuits [analog, logic, memory, micro [microprocessors, microcontrollers, digital signal processors]]). The report offers market forecasts and size in value (USD) for all the above segments.